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Family Offices Providing More Startup Capital

October 31, 2017 | Kathleen Leahy

Family Offices Providing More Startup CapitalFamily offices have been active in making startup investments and closing deals as of late. Of note, the Pritzker Group looks to co-invest with other families. The investment group of brothers J.B. and Tony Pritzker wants to raise $1.5B for a new private-equity fund, according to The Wall Street Journal. Quoting people familiar with the matter, the report said the Pritzker Group will seed the fund with $750M of its own money. Also quoting people familiar with the matter, the Journal said the Pritzker group is part of a network of family offices organized by Ross Perot Jr.’s family office, but gave no further details about the network yet.  

Also of note, Tengelmann Ventures, a venture capital/private equity group owned by Germany’s Haub family, has backed a Munich-based startup called Blickfeld. Tengelmann has seeded the startup along with three other investors with $4.25M. The Haubs, one of Europe’s wealthiest families, also own Emil Capital Partners - which together with Tengelmann Ventures have made close to 70 investments in more than 40 companies.

Among other deals, Kulczyk Investments, a family investment group controlled by Sebastian Kulczyk, Poland’s richest man, has backed a Polish startup called Brainly. Kulczyk, along with four other investors, led Brainly’s Series B round worth $14M.

Esther Dyson, who owns an investment group called EDventure Holdings, has joined a group of seven other investors backing a startup called Mia Contacts. This group of investors is backing the San Francisco-based startup with $3M.

Family-backed venture capital group Talis Capital have co-invested in a startup called Homelyfe, which has launched an insurance app. Talis, along with another investor, has funded the group with £2.4M (~USD $3M). Earlier this month, the UK-based Talis Capital backed a finance company called PremFina.

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Tags: Family Office News family offices Venture Capital private equity Alternative Investments Family Office Trends